There’s no two ways about it: NEM 3.0 has been confusing to homeowners, especially when it comes to solar and battery storage.
What we do know is that in the first quarter of 2023 there was a huge push for homeowners to get grandfathered into NEM 2.0 before NEM 3.0 became policy for new installations in April, 2023. As expected, residential solar installs have slowed down since then, but that absolutely doesn’t mean solar doesn’t make sense under NEM 3.0. In fact, it’s entirely the opposite. Solar is still a great investment, and now battery storage can make even more sense for many homeowners.